{"id":935087,"date":"2026-02-09T06:18:09","date_gmt":"2026-02-09T11:18:09","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/comstock-metals-awarded-tax-abatement-from-the-nevada-governors-office-of-economic-development\/"},"modified":"2026-02-09T06:18:09","modified_gmt":"2026-02-09T11:18:09","slug":"comstock-metals-awarded-tax-abatement-from-the-nevada-governors-office-of-economic-development","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/comstock-metals-awarded-tax-abatement-from-the-nevada-governors-office-of-economic-development\/","title":{"rendered":"Comstock Metals Awarded Tax Abatement  From the Nevada Governor\u2019s Office of Economic Development"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">VIRGINIA CITY, Nevada, Feb.  09, 2026  (GLOBE NEWSWIRE) &#8212; Comstock Inc. (NYSE: LODE) (\u201cComstock\u201d and the \u201cCompany\u201d) and its subsidiary, Comstock Metals LLC (\u201cComstock Metals\u201d), a leader in the responsible recycling of end-of-life solar panels and the only certified, zero-landfill solar recycling solution in North America, today announced that it has received tax abatements from the Nevada Governor\u2019s Office of Economic Development (\u201cGOED\u201d).<\/p>\n<p align=\"justify\">GOED awarded approximately $900,000 in tax abatements that will apply to Comstock Metals\u2019 first-of-its-kind zero-landfill, solar panel recycling and critical metal production facility that is scheduled to commence production in the second quarter of 2026, with the initial recycling capacity of approximately 3.3 million panels or approximately 100,000 tons of recycled material per year. Comstock Metals recently received all its remaining permits from the State of Nevada for its breakthrough solar panel recycling processes located in Silver Springs, in northern Nevada and is currently operating in its pilot facility.<\/p>\n<p align=\"justify\">In connection with the abatement program, Comstock Metals will create at least 43 diverse, well-paying jobs and make over $12 million in capital investments within the first year of operation. Over the 10-year abatement period, it is estimated that this operation will result in more than $7 million in net new Nevada tax revenues.<\/p>\n<p align=\"justify\">\u201cWe are thrilled with GOED\u2019s support and recognition of the value that Comstock Metals brings in terms of economic, environmental, and community benefits, as this remarkable, first of its kind clean technology business is anchored in Nevada. We are positioned to serve the entire southwest region of the United States and keep these hazardous wastes out our landfills and our ecosystem,\u201d said Corrado De Gasperis, Comstock\u2019s Executive Chairman and Chief Executive Officer. \u201cSecuring and recycling these panels enables an even bigger second phase where we plan to cleanly refine and produce these metals. This includes silver, copper, silicon, and many other critical metals that establishes us as leaders in the domestic electrification metals supply chain.\u201d<\/p>\n<p align=\"justify\">\n        <strong>About Comstock Inc.<\/strong>\n      <\/p>\n<p align=\"justify\">Comstock Inc. (NYSE: LODE) innovates and commercializes technologies, systems and supply chains that enable, support and sustain clean energy systems by efficiently, effectively, and expediently extracting and converting under-utilized natural resources into reusable metals, like silver, aluminum, gold, and other critical minerals, primarily from end-of-life photovoltaics.<\/p>\n<p align=\"justify\">To learn more, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2Q8gpWhMjKXR3Qd4YLbb3NoyiG_pumH8rHzbzWkEPEALRwxJXU9YBQWifGnCAeL8tFJYiMOnTjtBl7BLprKpatzEsJsOHz1Me7yO3DS1jNA=\" rel=\"nofollow\" target=\"_blank\">www.comstock.inc<\/a>.<\/p>\n<p align=\"justify\">\n        <strong>Comstock Social Media Policy<\/strong>\n      <\/p>\n<p align=\"justify\">Comstock Inc. has used, and intends to continue using, its <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AJKIZYFqS5apX_b1umDyXGNzGqBe4NOEN4O8HpZx3chcfzjIhJB9sGeKn_eHK-1WxV3fFmgl8XSZ8gGsER2RlFLI4q95luCZRt14VXmPMo8=\" rel=\"nofollow\" target=\"_blank\">investor relations<\/a> link and main website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=2Q8gpWhMjKXR3Qd4YLbb3Ku9yP2w--VXmASMhhebVG-vHfryCqYy6Z3DdavT6NQJvL_K-IOTkjODcmGo174PLxVSvn3tUhPvdCJu2NQ0PrA=\" rel=\"nofollow\" target=\"_blank\">www.comstock.inc<\/a> in addition to its <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=tx-VTaHcS7o_ZbhjjfiRct7e_iJH-qR9jDzB9r96zGrKFHTN-wv-MkXBBzF6B_-VlCYSH1LpmjIBfMZbdTl_4Q==\" rel=\"nofollow\" target=\"_blank\">X.com<\/a>, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=JLfXvz3xJRknS8JRX1ffNwnaLDVwIySin60B4OH8ARvmCJtLpyIto89N0TQp75eNssQM0KdgvoOslReF0-_ccpwP9lqmfZwQ3YBjuulbDAs=\" rel=\"nofollow\" target=\"_blank\">LinkedIn<\/a> and <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=00-T022jEtQiVXuAdpJjRY7I2PDQnBotvJYAb-fviI0yiPYwlznIn33lKFxRk2o8EAQ1WzBjDWWDUyp4wJhbu-zkMArf9Amm_pGlX7vjUsY=\" rel=\"nofollow\" target=\"_blank\">YouTube<\/a> accounts, as means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.<\/p>\n<p align=\"justify\">\n        <strong>Contacts<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>For investor inquiries<\/em>:<br \/>Judd B. Merrill, Chief Financial Officer<br \/>Tel (775) 413-6222<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=ElcSzw6_Lu27BPu_uYvjfx-Es9K1JVgexwwPhwN0Jua9BqFJBcBFsVNVgnEIeCQIhnRtxD-Zw_bqUz_CjVlEj76bGuqWcuK0psiMVTtwZxI=\" rel=\"nofollow\" target=\"_blank\">ir@comstockinc.com<\/a><\/p>\n<p align=\"justify\">\n        <em>For media inquiries<\/em>:<br \/>Zach Spencer, Director of External Relations<br \/>Tel (775) 847-7573<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5W98sK09VxavXqAd5dHlIxj-Z5KKE17pka807QNC9w7ppz0qyieXv1xiiZIGktGj8x829A0_lCWEcAVMxuFXZx7KKS2FeT1Iqw_sluNAod0=\" rel=\"nofollow\" target=\"_blank\">media@comstockinc.com<\/a><\/p>\n<p align=\"justify\">\n        <strong>Forward-Looking Statements<\/strong>\u00a0<\/p>\n<p align=\"justify\">This press release and any related calls or discussions may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical facts, are forward-looking statements. The words \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cestimate,\u201d \u201cproject,\u201d \u201cplan,\u201d \u201cforecast,\u201d \u201cseek,\u201d \u201ctarget,\u201d \u201cshould,\u201d \u201cintend,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201cwould,\u201d \u201cpotential\u201d and similar expressions identify forward-looking statements but are not the exclusive means of doing so. Forward-looking statements include statements about matters such as: expectations regarding the completion of the proposed securities offering, future market conditions; future explorations or acquisitions, divestitures, spin-offs or similar distribution transactions; future changes in our research, development and exploration activities; future financial, natural, and social gains; future prices and sales of, and demand for, our products and services; land entitlements and uses; permits; production capacity and operations; operating and overhead costs; future capital expenditures and their impact on us; operational and management changes (including changes in the Board of Directors); changes in business strategies, planning and tactics; future employment and contributions of personnel, including consultants; future land and asset sales; investments, acquisitions, joint ventures, strategic alliances, business combinations, operational, tax, financial and restructuring initiatives, including the nature, timing and accounting for restructuring charges, derivative assets and liabilities and the impact thereof; contingencies; litigation, administrative or arbitration proceedings; environmental compliance and changes in the regulatory environment; offerings, limitations on sales or offering of equity or debt securities, including asset sales and associated costs; and future working capital needs, revenues, variable costs, throughput rates, operating expenses, debt levels, cash flows, margins, taxes and earnings. These statements are based on assumptions and assessments made by our management in light of their experience and their perception of historical and current trends, current conditions, possible future developments and other factors they believe to be appropriate. Forward-looking statements are not guarantees, representations or warranties and are subject to risks and uncertainties, many of which are unforeseeable and beyond our control and could cause actual results, developments and business decisions to differ materially from those contemplated by such forward-looking statements. Some of those risks and uncertainties include the risk factors set forth in our filings with the SEC and the following: sales of, and demand for, our products, services, and\/or properties; industry market conditions, including the volatility and uncertainty of commodity prices; the speculative nature, costs, regulatory requirements, and hazards of natural waste resource identification, exploration, development, availability, recycling, extraction, processing, and refining activities, including operational or technical difficulties, and risks of diminishing quantities or insufficiency of grades of qualified resources;; changes in our planning, exploration, research and development, production, and operating activities; research and development, exploration, production, operating, and other variable and fixed costs; throughput rates, margins, earnings, debt levels, contingencies, taxes, capital expenditures, net cash flows, and growth; restructuring activities, including the nature and timing of restructuring charges and the impact thereof; employment and contributions of personnel, including our reliance on key management personnel; the costs and risks associated with developing new technologies; our ability to commercialize existing and new technologies; the impact of new, emerging, and competing technologies on our business; the possibility of one or more of the markets in which we compete being impacted by political, legal, and regulatory changes, or other external factors over which we have little or no control; the effects of mergers, consolidations, and unexpected announcements or developments from others; the impact of laws and regulations, including permitting and remediation requirements and costs; changes in or elimination of laws, regulations, tariffs, trade, or other controls or enforcement practices, including the potential that we may not be able to comply with applicable regulations; changes in generally accepted accounting principles; adverse effects of climate changes, natural disasters, and health epidemics, such as the COVID-19 outbreak; global economic and market uncertainties, changes in monetary or fiscal policies or regulations, the impact of terrorism and geopolitical events, volatility in commodity and\/or other market prices, and interruptions in delivery of critical supplies, equipment and\/or raw materials; assertion of claims, lawsuits, and proceedings against us; potential inability to satisfy debt and lease obligations, including because of limitations and restrictions contained in the instruments and agreements governing our indebtedness; our ability to raise additional capital and secure additional financing; interruptions in our production capabilities due to equipment failures or capital constraints; potential dilution from stock issuances, recapitalization, and balance sheet restructuring activities; potential inability or failure to timely file periodic reports with the Securities and Exchange Commission; potential inability to maintain the listing of our securities on any securities exchange or market; and our ability to implement additional financial and management controls, reporting systems and procedures and comply with Section 404 of the Sarbanes-Oxley Act, as amended. Occurrence of such events or circumstances could have a material adverse effect on our business, financial condition, results of operations or cash flows, or the market price of our securities. All subsequent written and oral forward-looking statements by or attributable to us or persons acting on our behalf are expressly qualified in their entirety by these factors. Except as may be required by securities or other law, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Neither this press release nor any related calls or discussions constitutes an offer to sell, the solicitation of an offer to buy or a recommendation with respect to any securities of the Company, the fund, or any other issuer.<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTY1MDY4NyM3NDE0NTEzIzIwODEzMjk=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YTFiNDE4MmUtYzYwOC00YjA0LWI2NmMtNWJmMDVhNzgxNWFlLTEwOTI5MDAtMjAyNi0wMi0wOS1lbg==\/tiny\/Comstock-Inc-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>VIRGINIA CITY, Nevada, Feb. 09, 2026 (GLOBE NEWSWIRE) &#8212; Comstock Inc. (NYSE: LODE) (\u201cComstock\u201d and the \u201cCompany\u201d) and its subsidiary, Comstock Metals LLC (\u201cComstock Metals\u201d), a leader in the responsible recycling of end-of-life solar panels and the only certified, zero-landfill solar recycling solution in North America, today announced that it has received tax abatements from the Nevada Governor\u2019s Office of Economic Development (\u201cGOED\u201d). GOED awarded approximately $900,000 in tax abatements that will apply to Comstock Metals\u2019 first-of-its-kind zero-landfill, solar panel recycling and critical metal production facility that is scheduled to commence production in the second quarter of 2026, with the initial recycling capacity of approximately 3.3 million panels or approximately 100,000 tons of recycled material per year. Comstock Metals recently &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/comstock-metals-awarded-tax-abatement-from-the-nevada-governors-office-of-economic-development\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Comstock Metals Awarded Tax Abatement  From the Nevada Governor\u2019s Office of Economic Development&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-935087","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Comstock Metals Awarded Tax Abatement From the Nevada Governor\u2019s Office of Economic Development - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/comstock-metals-awarded-tax-abatement-from-the-nevada-governors-office-of-economic-development\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Comstock Metals Awarded Tax Abatement From the Nevada Governor\u2019s Office of Economic Development - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VIRGINIA CITY, Nevada, Feb. 09, 2026 (GLOBE NEWSWIRE) &#8212; Comstock Inc. (NYSE: LODE) (\u201cComstock\u201d and the \u201cCompany\u201d) and its subsidiary, Comstock Metals LLC (\u201cComstock Metals\u201d), a leader in the responsible recycling of end-of-life solar panels and the only certified, zero-landfill solar recycling solution in North America, today announced that it has received tax abatements from the Nevada Governor\u2019s Office of Economic Development (\u201cGOED\u201d). GOED awarded approximately $900,000 in tax abatements that will apply to Comstock Metals\u2019 first-of-its-kind zero-landfill, solar panel recycling and critical metal production facility that is scheduled to commence production in the second quarter of 2026, with the initial recycling capacity of approximately 3.3 million panels or approximately 100,000 tons of recycled material per year. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/comstock-metals-awarded-tax-abatement-from-the-nevada-governors-office-of-economic-development\/","og_locale":"en_US","og_type":"article","og_title":"Comstock Metals Awarded Tax Abatement From the Nevada Governor\u2019s Office of Economic Development - Market Newsdesk","og_description":"VIRGINIA CITY, Nevada, Feb. 09, 2026 (GLOBE NEWSWIRE) &#8212; Comstock Inc. (NYSE: LODE) (\u201cComstock\u201d and the \u201cCompany\u201d) and its subsidiary, Comstock Metals LLC (\u201cComstock Metals\u201d), a leader in the responsible recycling of end-of-life solar panels and the only certified, zero-landfill solar recycling solution in North America, today announced that it has received tax abatements from the Nevada Governor\u2019s Office of Economic Development (\u201cGOED\u201d). GOED awarded approximately $900,000 in tax abatements that will apply to Comstock Metals\u2019 first-of-its-kind zero-landfill, solar panel recycling and critical metal production facility that is scheduled to commence production in the second quarter of 2026, with the initial recycling capacity of approximately 3.3 million panels or approximately 100,000 tons of recycled material per year. 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